Dan Gilbert has purchased another building in Detroit near the hub of his other holdings.

Bedrock Real Estate Services LLC, the development arm of Gilbert's real estate empire, closed earlier this month on the purchase of the eight-story retail/office building at 1400 Woodward Ave., located at the intersection of Woodward and Grand River Avenue, according to two real estate sources.

How much the building sold for is not known.

Currently housing the Eastern Wig & Hair Co., the 60,000-square-foot building was constructed in 1925, according to Washington, D.C.-based real estate information service CoStar Group Inc.

The building at 1400 Woodward is located on one of the downtown blocks that Gilbert, the founder and chairman of Rock Ventures LLC and Quicken Loans Inc., plans to transform with "core urban shopping," such as home retail, fashion and restaurants with his place-making plan.